Singapore skyline

Singapore Trade Balance September 2020

Singapore: Non-oil exports rise at a milder pace in September

Non-oil domestic exports (NODX) rose 5.9% in annual terms in September, rising at a slower pace than August’s 7.7% increase and falling short of market expectations. The moderation was primarily driven by a decline in overseas sales of non-electronic products, particularly pharmaceutical exports. In contrast, electronic exports gained steam in September, softening the slowdown somewhat. In terms of markets, exports to EU 27, Malaysia and the U.S. grew notably in September, whereas sales to Indonesia, Hong Kong and Thailand recorded a decline compared to the same period last year.

In seasonally-adjusted month-on-month terms, NODX exports fell 11.3% in September, contrasting August’s 11.3% increase.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest